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A couple kiss, at the Barcelona airport, Spain, Thursday, March 12, 2020. President Donald Trump, who had downplayed the coronavirus for weeks, suddenly struck a different tone, announcing strict rules on restricting travel from much of Europe to begin this weekend. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Emilio Morenatti)

NEW YORK (AP) — Schools shut down across much of Europe. Gatherings were canceled or banned from California to Germany. And the coronavirus reached directly into the world’s centers of power Thursday, with politicians in Canada, Brazil, Spain and elsewhere either testing positive for the new virus...

A woman drinks a wine while worker cleans the bar on an empty restaurant, in Pamplona, northern Spain, Thursday, March 12, 2020. For most people, the new COVID-19 coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Alvaro Barrientos)

WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global economy. Airlines are dropping routes because people are not flying, workers are staying...

Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange, Wednesday, March 11, 2020. Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus. (AP Photo/Richard Drew)

A worker from a Servpro disaster recovery team wearing a protective suit and respirator peers out a window as he waits to exit the Life Care Center in Kirkland, Wash. for a break from cleaning the facility, Wednesday, March 11, 2020. The nursing home is at the center of the coronavirus outbreak in Washington state. For most people, the virus causes only mild or moderate symptoms. For some it can cause more severe illness, especially in older adults and people with existing health problems. (AP Photo/Ted S. Warren)

GENEVA (AP) — The World Health Organization declared the coronavirus a pandemic and urged aggressive action from all countries to fight it, as U.S. stocks plunged into bear market territory and several American cities joined global counterparts in banning large gatherings. By using the charged word...

Sal Suarino, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, March 10, 2020. Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade. (AP Photo/Richard Drew)

NEW YORK (AP) — Stocks are moving sharply higher on Wall Street Tuesday after whipping up and down all day along with hopes that the U.S. and other governments will cushion the global economy from the pain of the coronavirus. The Dow Jones Industrial Average is up 1,000 points, or 4.4%, shortly...

A woman wearing a protective face mask walks by the investment icon bull statue on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)

BEIJING (AP) — Asian stock markets rebounded Tuesday from record-setting declines after U.S. futures rose following President Donald Trump's announcement he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak. Oil prices also recovered some of...

President Donald Trump gestures for Vice President Mike Pence to speaks in the briefing room of the White House in Washington, Monday, March 9, 2020, about the coronavirus outbreak. (AP Photo/Patrick Semansky)

WASHINGTON (AP) — President Donald Trump said Monday his administration will ask Congress to pass payroll tax relief and other quick measures as a public health and economic maelstrom brought on by the coronavirus drew closer to him personally. Intending to calm the fears of financial markets over...

Empty chairs and tables are lined up outside a restaurant in St. Mark's Square in Venice, Italy, Monday, March 9, 2020. Italy took a page from China’s playbook Sunday, attempting to lock down 16 million people — more than a quarter of its population — for nearly a month to halt the relentless march of the new coronavirus across Europe. Italian Premier Giuseppe Conte signed a quarantine decree early Sunday for the country’s prosperous north. Areas under lockdown include Milan, Italy’s financial hub and the main city in Lombardy, and Venice, the main city in the neighboring Veneto region. (Anteo Marinoni/LaPresse via AP)

NEW YORK (AP) — U.S. companies buffeted by supply chain chaos and a growing awareness of the scope of a viral outbreak are facing new threats to begin the week. The price of U.S. crude fell as much as 34% to $27.34 a barrel, the lowest price since early 2016, as an oil war between Saudi Arabia and...

Workers disinfect the shrine of the Shiite Saint Imam Abdulazim to help prevent the spread of the new coronavirus in Shahr-e-Ray, south of Tehran, Iran, Saturday, March, 7, 2020. (AP Photo/Ebrahim Noroozi)

BEIJING (AP) — Italy's prime minister announced a sweeping coronavirus quarantine early Sunday, restricting the movements of about a quarter of the country's population in a bid to limit contagions at the epicenter of Europe's outbreak. Shortly after midnight, Prime Minister Giuseppe Conte signed a...

FILE - In this Nov. 2, 2017, photo, a recruiter in the shale gas industry, left, speaks with an attendee of a job fair in Cheswick, Pa. Hiring in the United States jumped in February 2020 as employers added a robust 273,000 jobs, evidence that the economy was in strong shape before the coronavirus began to sweep through the nation.(AP Photo/Keith Srakocic, File)

WASHINGTON (AP) — Hiring in the United States jumped in February as employers added 273,000 positions, evidence that the job market was in strong shape before the coronavirus began to sweep through the nation. The Labor Department said Friday that the unemployment rate fell to 3.5% last month,...